PPP Loan Data — ND Industries, Inc., Clawson, MI
ND Industries, Inc. is a corporation located at 1000 N Crooks Rd in Clawson, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,068,100.00 in April, 2020.
$ PPP Loan Information
ND Industries, Inc. received a Paycheck Protection Loan of $4.07M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, ND Industries, Inc.'s total 2019 payroll expenses were approximately $19.53M in order to qualify for the PPP loan amount received.
Based on their reported 304 jobs retained, this equals an estimated average yearly compensation of $64,233 per employee1.
Business Information - ND Industries, Inc. in Clawson, MI
1000 N Crooks Rd
Clawson, MI 48017
Adhesive Manufacturing (NAICS code 325520)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-11
Industry PPP Comparison Statistics
Nationwide, 287 businesses in the "Adhesive Manufacturing" industry received a total of $101,862,797.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 24 employees, 92% lower than ND Industries, Inc.'s reported 304 employees, and received an average PPP loan of $354,923, 91% lower than this company's loan of $4.07M.
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Footnotes & Information
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